What is Value Configuration

The offering of a firm that creates value. This value can be in the form of new technology, new products or services, market applications, production efficiency, or process improvement. It can also incorporate new distribution channel partners, network affiliates, software revisions, and technology platforms. According to the resource-based view of the firm, a value configuration should be valuable, rare, inimitable, and non-substitutable.

Business Model Innovation and the Balanced Scorecard

Stephanie Black (University of Texas at San Antonio, USA), Montressa Washington (Case Western Reserve University, USA), and Howard Rasheed (University of North Carolina Wilmington, USA)